Of Course Our Sellers Will Pay Your Closing Costs!

At first glance many sellers think they shouldn't pay the buyer's closing costs. After all, they didn't need help when they bought their home did they? But times change, and often people have the income to support purchasing a home but cash liquidity might be an issue.

Pulling thousands of extra dollars out of a savings or investment account COULD be done, but with interest rates at extreme lows, many people prefer to finance those additional costs of getting their loan into their mortgage.

Now our philosophy is pretty simple: EVERY LISTING OF OURS COMES WITH CLOSING COST ASSISTANCE. What this DOESN'T mean is that you get to offer low AND then ask for closing cost assistance too and expect it to stick. Closing cost assistance is a reduction in our seller's NET, and ultimately what we're most concerned with is maximizing our sellers' net price for the sale of their home.

We operate under the assumption that if your offer includes a request for closing cost assistance, you need closing cost assistance and we'll recommend to our sellers leaving that portion of the contract alone. Essentially it's like adding those closing costs on top of our current list price, then negotiating with you until we reach our seller's acceptable net price.

Depending on how much closing cost assistance you ask for, you MAY actually pay more than initial list price. There is a risk when going over list price that we may have appraisal issues, but so far we haven't encountered that issue.

Just one additional word of caution: Asking for large closing cost assistance MAY cause you difficulty later. If your loan program caps the amount of seller concessions to you, and items are found during inspections, the options may be more limited in what can be done without violating the rules of your loan.